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Stock impact report

Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to February 10, 2025 [Yahoo! Finance]

Trio Petroleum Corp. (TPET) 
Company Research Source: Yahoo! Finance
gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah. TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190'of oil-pay in HSO 2-4 and over 100' of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, we announced first oil production from the HSO 2-4 well. This encouraging oil production continues to-date. The HSO 8-4 is scheduled to receive a new downhole heater in early December and should commence oil production shortly t Show less Read more
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